Indonesia sees 10 new oil, gas fields onstream in 4 years
JAKARTA, Aug 10 (Reuters) - Indonesia has 10 oil and gas projects with total investment of $4.725 billion in the pipeline and are expected to come onstream between 2011 and 2014, with most of the new production skewed towards gas, said oil and gas watchdog BPMigas.
"This reflects that the future of Indonesia's oil and gas industry will be dominated by gas," Gde Pradnyana, spokesman for BPMigas, said in statement.
These projects are expected to produce 1,750 million standard cubic feet of gas per day (MMSCFD); 20,000 barrels oil per day (bpd); and 26,000 BPD of oil condensate, BPMigas's spokesman Gde Pradnyana said in a statement.
Pradnyana said gas output from the project would be prioritised for the domestic market, but export will remain an option.
The list does not include ExxonMobil's Cepu block, Indonesia's biggest oil project in the pipeline, which is entering its full development phase towards the targeted peak production of 165,000 bpd from around 20,000 bpd now.
Indonesia, a former OPEC member, has been struggling with declining oil output from ageing fields and rising demand for gas, which is limiting its gas export potential.
The 10 projects are: No. Projects Contractors Capacity Early
Production 1 Madura BD Husky Oil Gas Production : Q4 2014
Development Madura 100 MMSCFD?
6600 BPD 2 Terang Kangean Gas: 300 MMSCFD Q2 2012
Batur Indonesia 3 Gajah Baru Premier Oil Gas 210 MMSCFD Q4 2011
Natuna 4 Ruby Gas Pearl Oil Gas 100 MMSCFD Q3 2013
Development 5 South Total E&P Gas Production: Q3 2012
Mahakam Indonesia 128 MMSCFD
Development 5900 BPD
Phase 1 & 2 6 South Belut ConocoPhill Gas 120 MMSCFD Q4 2013
ips 1000 BPD
Indonesia condensate 7 Pengembangan JOB Gas: 155 MMSCFD? Q2 2011
Lapangan Pertamina-T Condensate:
Jambi Merang alisman 12.500 BPD
Merang 8 Ujung Hess Oil: 20000 bopd? Q3 2011
Pangkah Indonesia Gas: 150 MMSCFD
Project 9 Naga- Premier Oil Gas 130 MMSCFD Q4 2013
Pelikan Natuna 10 Sisi Nubi 2B Total E&P Gas 350 MMSCFD Q2 2013
- New Indonesia
Platform (Reporting by Alfian and Andjarsari Paramaditha; Editing by Rebekah Kebede and Ramthan Hussain)
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